Solar Energy

An increase in the population across the globe has created a heightened need for power consumption, which in turn has led to many countries seeking alternatives such as the use of solar energy, boosting the market. Solar energy is available in abundance, especially in tropical countries, and therefore is turning out to be an attractive alternative for power supply. Solar energy is being used extensively for powering commercial, residential, and industrial sectors as it is a viable alternative and cleaner energy as opposed to oil, gas, and coal. Solar energy market will witness a higher growth in the coming years as governments across the globe are seeking alternatives to reduce the dependency on traditional non-renewable sources. Growing environmental concerns are also behind the growth of this solar energy market. Some of the leading players in the market are Suntech Power Holdings Co. Ltd., First Solar Inc., Sharp Corporation, Yingli Solar, and Trina Solar Limited.